Fiscal Responsibility and Budget Management Act, 2003 [A11-8JV]
As at 7 September 2026. In force from 5 August 2003.
Sections (51)
Chapter I. PRELIMINARY
Chapter II. RESERVE BANK
Chapter III. REGULATION OF THE BUSINESS OF BANKING
Chapter IV. REGULATION OF THE BORROWING OF MONEY
Chapter V. OFFENCES AND PENALTIES
Chapter VI. MISCELLANEOUS
Section 1. Short title, extent and commencement [S21-DSS]
Section 2. Definitions [S21-DTZ]
Section 3. Appointment of Reserve Bank [S21-DVX]
Section 4. Registration of financials institution [S21-DWK]
Section 5. Prohibition of the enforcement of security interest without licence [S21-DXH]
Section 6. Grant of licence [S21-DYQ]
Section 7. Maintenance of records and furnishing of returns [S21-DZN]
Section 8. Powers of authorised officer [S21-E02]
Section 9. Power to issue directions [S21-E10]
Section 10. Power to exempt [S21-E26]
Section 11. Registration of bankings company [S21-E34]
Section 12. Prohibition of the borrowing of money without licence [S21-E4A]
Section 13. Grant of licence [S21-E58]
Section 14. Maintenance of records and furnishing of returns [S21-E6E]
Section 15. Powers of authorised officer [S21-E7C]
Section 16. Power to issue directions [S21-E8J]
Section 17. Power to exempt [S21-E9G]
Section 18. Registration of depositors [S21-EAP]
Section 19. Prohibition of the business of a financial institution without licence [S21-EBM]
Section 20. Grant of licence [S21-ECT]
Section 21. Maintenance of records and furnishing of returns [S21-EDR]
Section 22. Powers of authorised officer [S21-EEY]
Section 23. Power to issue directions [S21-EFW]
Section 24. Power to exempt [S21-EG7]
Section 25. Registration of secureds creditor [S21-EH5]
Section 26. Prohibition of the business of banking without licence [S21-EJ3]
Section 27. Grant of licence [S21-EK1]
Section 28. Maintenance of records and furnishing of returns [S21-EMF]
Section 29. Powers of authorised officer [S21-END]
Section 30. Power to issue directions [S21-EPB]
Section 31. Power to exempt [S21-EQ9]
Section 32. Registration of borrowers [S21-ERQ]
Section 33. Prohibition of the making of deposits without licence [S21-ESN]
Section 34. Grant of licence [S21-ETK]
Section 35. Maintenance of records and furnishing of returns [S21-EVH]
Section 36. Powers of authorised officer [S21-EWZ]
Section 37. Power to issue directions [S21-EXX]
Section 38. Power to exempt [S21-EYV]
Section 39. Registration of financials institution [S21-EZS]
Section 40. Prohibition of the enforcement of security interest without licence [S21-F06]
Section 41. Grant of licence [S21-F14]
Section 42. Maintenance of records and furnishing of returns [S21-F22]
Section 43. Powers of authorised officer [S21-F30]
Section 44. Power to issue directions [S21-F4E]
Section 45. Penalty for contravention [S21-F5C]
Section 46. Offences by companies [S21-F6A]
Section 47. Appeal [S21-F78]
Section 48. Cognizance of offences [S21-F8P]
Section 49. Protection of action taken in good faith [S21-F9M]
Section 50. Power to make rules [S21-FAJ]
Section 51. Power to remove difficulties [S21-FBG]
Made under
No recital of a power is printed.
Acts on (0)
none
Acted on by (4)
Exempts: Notification S.O. 1606(E), dated 9th September, 2004 [N12-BZS], 9 September 2004. "section 4 of the said Act".
Amends: Fiscal Responsibility and Budget Management Act (Amendment) Act, 2013 [A11-GT4], 24 July 2013. "section 41 of the Fiscal Responsibility and Budget Management Act, 2003 (39 of 2003)".
Exempts: Notification S.O. 1003(E), dated 24th October, 2010 [N12-F4T], 24 October 2010. "section 4 of the said Act".
Exempts: Notification S.O. 3099(E), dated 3rd April, 2011 [N12-F90], 3 April 2011. "section 4 of the said Act".
Not held (1)
"section 3 of the Reserve Bank of India Act, 1934"